FND vs NKE: Correlation
How closely do Floor & Decor Holdings, Inc. (FND) and Nike, Inc. (NKE) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FND and NKE?
Across a 3-year window, the weekly returns of FND and NKE correlate at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 609.4 %².
Within FND's tracked universe of 23 assets, NKE comes in at #18 by 3-year correlation. Over the last 12 months FND came out ahead by 14.1 percentage points (-35.3% against -49.4%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FND vs NKE: side by side
| FND (Floor & Decor Holdings, Inc.) | NKE (Nike, Inc.) | |
|---|---|---|
| 1-year return | -35.3% | -49.4% |
| 5-year return | -56.3% | -75.2% |
| Volatility (ann.) | 40.8% | 36.6% |
| Beta vs S&P 500 | 1.32 | 0.93 |
| Max drawdown (3Y) | -67.5% | -66.9% |
| Market cap | $5.7B | $57.0B |
| P/E (trailing) | 25.4 | 18.4 |
| Dividend yield | 0.00% | 4.22% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | FND | NKE |
|---|---|---|
| 2022 | -46.4% | -29.0% |
| 2023 | +60.2% | -6.0% |
| 2024 | -10.6% | -29.1% |
| 2025 | -38.9% | -13.8% |
| 2026 | -12.4% | -38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FND and NKE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FND and NKE?
The FND/NKE correlation stands at 0.41 on a 3-year window (1 year: 0.43, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is NKE a good diversifier for FND?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: FND correlations · NKE correlations
